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Solid US job gains pointing
to a stronger recovery

Associated Press, by Josh Boak

Original Article

Posted By:Zarin, 7/4/2014 6:23:18 AM

The 5-year-old U.S. recovery is gaining momentum from a surprisingly robust job market and moving the economy closer to full health. Employers added 288,000 jobs in June and helped cut the unemployment rate from 6.3 percent to 6.1 percent, the lowest since 2008. It was the fifth straight monthly gain above 200,000 — the best such stretch since the late 1990s tech boom. The stock market signaled its approval. The Dow Jones industrial average surged 92 points to top 17,000 for the first time. The breadth and consistency of the job growth are striking in part because of how poorly

Comments:
AP keeps up the lie about the ´recovering´ economy. Mr. Boak must be trying to get back in the good graces of his editors - most of his recent stories have had more truth in them. This is all tissue paper stats - look at the labor force participation! And the Dow goes up 17,000 on this? We are in trouble.

      


Post Reply  

Reply 1 - Posted by: steveW, 7/4/2014 6:49:08 AM     (No. 9910552)

If, repeat if, the US economy recovers it will be in spite of, not because of, Dear Leader Barack Hussein, who has not taken a single action in 6 years in favour of any recovery whatsoever, on the contrary, which should be a revelation as good as any of his true intentions.

The last thing the Left wants are economically independent Americans. The very last thing.

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Reply 2 - Posted by: Hank Reardon, 7/4/2014 6:49:15 AM     (No. 9910553)

Correct, OP. The Big Lie continues unabated.

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R-G1
  


 
Reply 3 - Posted by: jallmon, 7/4/2014 6:54:57 AM     (No. 9910557)

According to Ed Rogers in the WaPo, last month 523k Full-time positions were lost, 799k Part-time positions were gained. There´s your 280k job gains. No business can afford to pay for Obamacare for Full-time workers.

The reduction in "unemployement"? That´s because more people gave up looking for jobs. 47.7% of Americans are in Full-Time employement.

The economy is still tanking. And the libs are taking victory laps over half-truths and deceit.

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Reply 4 - Posted by: hoosierblue, 7/4/2014 6:57:59 AM     (No. 9910559)

And the fairy princess lived happily ever after.

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Reply 5 - Posted by: jglas, 7/4/2014 7:00:22 AM     (No. 9910564)

You don´t go from a 3% contraction to a 3% growth because you get one better but still anemic jobs report. They´ve been shouting ´recovery!´ for five years now and we haven`t had one yet. Let them stop the quantitative easing (money printing) and see where we really are.

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Reply 6 - Posted by: DCGIRL, 7/4/2014 7:01:03 AM     (No. 9910565)

My understanding these jobs were mostly part time. How is the economy recovering on part time work???? As for the stock market, the U.S. is still pumping money into it with money we DON´T have. They are telling us that the unemployment rate is 6.1% when it is really 12.1%. It´s all a fantasy!!!!!


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Reply 7 - Posted by: Hobbiest, 7/4/2014 7:04:50 AM     (No. 9910567)

I suspect the number of US reporters who have taken classes in economics can be counted on one hand. Even reporters on the business beat often have problems with basic economic concepts and simple statistical analysis.

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R-VAR_AD
  


 
Reply 8 - Posted by: John c, 7/4/2014 7:26:53 AM     (No. 9910583)

Rush put the lie to the numbers in yesterday´s program!

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Reply 9 - Posted by: Keekng, 7/4/2014 7:30:20 AM     (No. 9910589)

Part time summer jobs do not signify a recovery.

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Reply 10 - Posted by: Submariner, 7/4/2014 7:43:53 AM     (No. 9910598)

Ditto #5. Quarterly GDP was revised down 2.9% just a few days ago. AP is just a house organ of the Democrat party.

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Reply 11 - Posted by: Country Boy, 7/4/2014 8:05:16 AM     (No. 9910624)

Any upturn in the making only coincides with obama sinking in the pols. Businesses are factoring in a conservative takeover of the Senate in several months.

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Reply 12 - Posted by: paral04, 7/4/2014 8:23:28 AM     (No. 9910648)

Exactly what companies are doing all the hiring? I haven´t heard of any big employment programs. Or is the Federal government throwing our money around and taking on more useless staff to bring more taxpayers to their knees?

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B-G1


 
Reply 13 - Posted by: franq, 7/4/2014 8:30:02 AM     (No. 9910657)

Providence had its hand on me, when I took a new job in May. Returned to a large company that I had been employed by before. The facility I left was part of another fairly large company but has been (the facility) in long, slow decline since 2008. Got the news this week that it is essentially closing its doors and moving production overseas. From about 140 employees (a good portion highly skilled toolmakers) to a skeleton crew. Most saw it coming, through years of layoffs.

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Reply 14 - Posted by: F15 Gork, 7/4/2014 10:29:47 AM     (No. 9910840)

Why is it then that everytime I go out I see another business or restaurant close it´s doors?

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Reply 15 - Posted by: Distorted, 7/4/2014 10:55:49 AM     (No. 9910873)

The six-month job recovery coincides exactly with the truncation of jobless benefits expired at the start of the year proving what many conservative economists said all along: stop excessively long benefits and people will get off the teat and find jobs. Lesson over.

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Reply 16 - Posted by: bighambone, 7/4/2014 10:56:10 AM     (No. 9910875)

If the country can only create part time jobs for American workers, where are all the new jobs going to come from to employ the tens of millions of illegal aliens and unlimited numbers of their foreign family members that Obama wants to legalize, or allow into the USA, and throw into the legal US labor market?

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Reply 17 - Posted by: Conradca, 7/5/2014 1:26:32 AM     (No. 9911543)

The jobs are going to illegals.

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R_DBL_B
  


 
Reply 18 - Posted by: Conradca, 7/5/2014 1:29:47 AM     (No. 9911546)

The country needs 300,000 new jobs a month just to tread water. The only reason the unemployment rate dropped is because so many people used up their unemployment insurance and aren´t counted.

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The 5-year-old U.S. recovery is gaining momentum from a surprisingly robust job market and moving the economy closer to full health. Employers added 288,000 jobs in June and helped cut the unemployment rate from 6.3 percent to 6.1 percent, the lowest since 2008. It was the fifth straight monthly gain above 200,000 — the best such stretch since the late 1990s tech boom. The stock market signaled its approval. The Dow Jones industrial average surged 92 points to top 17,000 for the first time. The breadth and consistency of the job growth are striking in part because of how poorly

   

 



 
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